Profound Medical Corp (PROF)

[hayfarmer]

Ezzra,

Adding to your list of highlights:

- It was stated the estimate of 40 procedures in the first year will be beat...at least with radnet which is the first US installation.

- They are in multiple other contract negotiations happening right now

- There is an additional sale never announced because the company is waiting for the customer to make their announcement first but they are almost ready to do their first procedure.

- 90 days from a contract signing to the first patient treated to allow for training time. They think they will get that down to 75 days soon with more experience.

- They hope to to from 2 procedures a day now, to 3 and then to 4. Right now they are only doing procedures once every week ( or 2 weeks...was not clear on this) so they have time to monitor the patients before they go forward with more procedures. This delay will eventually come to an end as time goes by.

- There is a line of patients waiting for this procedure.

- Sales force task has gone from educating potential customers to negotiating contracts

- Getting interest from multiple top 25 US educational hospitals and Mayo Clinic was used as an example (not sure if that means they are a new customer or not but hospitals of that stature at least)

- Still no need to "pound the pavement" as there is plenty of facilities contacting PROF with interest.

I was very impressed with the call and wish they had put more of these details into a PR for those that didn't listen in. I think they are under promising and over delivering so far.